This bill, S.F. No. 2503, introduced in the Minnesota Senate, appropriates $5,000,000 from the general fund in fiscal year 2026 to support the Iskufilan Village Workforce Housing Development in St. Cloud, Minnesota. The funds will be granted to the Center for African Immigrants and Refugees Organization (CAIRO) for constructing 70 units of workforce housing, aimed at low-income and middle-income frontline worker families.

Key Provisions:

1. Housing Requirements:

   • At least 10% of units must be designated as affordable housing, targeting households earning 60% or less of the area median income (AMI).
   • The remaining units must be for middle-income households, earning between 60% and 120% of AMI.

2. Project Oversight & Design:

   • CAIRO is responsible for project planning, construction, and ensuring compliance with workforce housing regulations.
   • The development must include energy-efficient, family-friendly housing options, with 2, 3, and 4-bedroom units.

3. Supervision & Compliance:

   • The Minnesota Housing Finance Agency (MHFA) will oversee funding distribution and ensure adherence to workforce housing affordability guidelines.
   • CAIRO must report to the Housing Finance Agency once the housing project reaches 90% occupancy to verify compliance with affordability requirements.

4. Funding Availability:

   • This is a one-time appropriation.
   • Any funds encumbered under contract before June 30, 2025, will remain available until June 30, 2027.

This bill aims to provide modern, safe, and affordable housing for workers and families while promoting energy-efficient housing development.